Term
| Split-Interest Arrangement |
|
Definition
| Arrangement in which interests in a charitable contribution are split between one or more noncharitable beneficiaries and a charity. |
|
|
Term
| Charitable Remainder Annuity Trust |
|
Definition
| Charitable trust arrangement in which a fixed-income interest (worth at least 5% of the initial net fair market value of the property paid intrust) passes at least annually to one or more noncharitable beneficiaries, and at the death of the last income beneficiary or at the end of a term of years not greateer than 20 years, the remainder interest passes to a qualified charity. |
|
|
Term
| Charitable Remainder Unitrust |
|
Definition
| Charitable trust arrangement in which a fixed percentage (at least 5% of the net fair market value) of the trust assets as revalued annually is paid at least annually to one or more noncharitable income beneficiaries and at the death of the last income beneficiary or at the end of a term of years not greater than 20 years, the remainder interest passes to a qualified charity. |
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
| Tax planning device in which the donor transfers property inter vivos or by will to a trust whose earnings go to a charity for a certain period, after which the trust corpus reverts tot he donor or some other party. |
|
|
Term
| Charitable Gift Annuities |
|
Definition
|
|
Term
|
Definition
|
|
